With Support From Tradebook, Nasdaq Modifies Super Montage Proposal
ATS/ECN UPDATE
WASHINGTON, D.C.--The Nasdaq Stock Market will modify its Super Montage proposal in response to issues raised by some ECNs and other market paerticipants.
Bloomberg’s Tradebook, one of the ECNs, threw in its support for the revised Super Montage. Bloomberg Tradebook chairman Kevin Foley says, "With the modifications on the table, we are now prepared to be fully supportive of the proposal. The modifications being considered seem to be a fair resolution to what has been a difficult set of issues
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